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1 A person engaged in the formation or flotation of a company (Twycross v Grant (1877) 2 CPD 469 (CA). A promoter stands in a fiduciary relationship to the company; his functions may include drafting a prospectus or listing particulars, negotiating preliminary agreements, instructing solicitors, and obtaining directors. Solicitors, bankers, and other professionals involved in the company, but acting merely in their professional role, are not regarded as promoters.

2 One who introduces a private Bill.

Subjects: Financial Institutions and Services — Law.

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